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26
Apr 8, 2019
04/19
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BBCNEWS
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a powerfulfigure remains directors with the ceo of renault. a powerful figure remains on the directors with the ceo of renault. a powerfulfigure remains on the board here but ghosn has gone. the interesting thing is that not only is how it's playing out in terms of business but also in terms of politics. there is a lot of politics surrounding the whole case not adjusted the criminal case against mrghosn adjusted the criminal case against mr ghosn that the relationship tween tab on mike and nissan. behind all of the criminal case there is the struggle, if you like, we're not seeing it in the open but there is a quiet tussle or tug—of—war for control of who's going to run nissan in the future. mr ghosn very much dominated control of nissan for 20 yea rs. dominated control of nissan for 20 years. it's very clear from people talking of the record that was presented inside temp —— nissan. that's not to get rid of him. there isa that's not to get rid of him. there is a desire by people inside nissan to see more control seated from the french
a powerfulfigure remains directors with the ceo of renault. a powerful figure remains on the directors with the ceo of renault. a powerfulfigure remains on the board here but ghosn has gone. the interesting thing is that not only is how it's playing out in terms of business but also in terms of politics. there is a lot of politics surrounding the whole case not adjusted the criminal case against mrghosn adjusted the criminal case against mr ghosn that the relationship tween tab on mike and...
2
2.0
May 16, 2022
05/22
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RUSSIA24
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renault has the option to buy back its stake in avtovaz renault has reached an agreement to retain the entire range of avtovaz vehicles with the possibility of product development and development of new products in accordance with plans that e. avtovaz already existed. i think that in the near future, and the new management of avtovaz which will replace the french management will present a new strategy for the development of avtovaz, taking into account the existing agreements, renault announced shutdowns in russia at the end of march, the french brand estimates the value of its assets in our country at more than 2 billion euros according to the results of the 21st century, the company retained fourth place in terms of the number of cars sold, second only to avtovaz, as well as south korean kia and hyundai, last year the french brand sold 131.5 and 1,000 cars in russia, retaining about 8% of the market, and together with avtovaz, its share reached almost thirty percent. the decision to sell the french brand called the difficult new necessary, according to the ceo. luca de meow's renaul
renault has the option to buy back its stake in avtovaz renault has reached an agreement to retain the entire range of avtovaz vehicles with the possibility of product development and development of new products in accordance with plans that e. avtovaz already existed. i think that in the near future, and the new management of avtovaz which will replace the french management will present a new strategy for the development of avtovaz, taking into account the existing agreements, renault...
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59
Nov 20, 2018
11/18
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CNBC
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ghosn who was a renault man. so there was already that huge tension within the group i think that's what was referred to when it was talked about which power was too concentrated in that one man. >> you mention that. we hear a lot about key man risks, especially following the death of sergio marchionne this summer what do you think this hole left by mr. ghosn's departure might mean for the companies and their shares >> it depends on who steps forward in terms of running the company and running the alliance itself the statement does suggest that will there be more shared responsibility in the future but there was always a question mark about what would happen when mr. ghosn left. i spoke to him last week, we discussed that point he was saying that obviously there was a humor factor behiand the alliance he said there are other people within the group who have that experience on both sides of the alliance, so the japanese and the french side of the alliance who could take over. the french finance minister had mentio
ghosn who was a renault man. so there was already that huge tension within the group i think that's what was referred to when it was talked about which power was too concentrated in that one man. >> you mention that. we hear a lot about key man risks, especially following the death of sergio marchionne this summer what do you think this hole left by mr. ghosn's departure might mean for the companies and their shares >> it depends on who steps forward in terms of running the company...
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Jul 26, 2019
07/19
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CNBC
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and i think this creates probably some uncertainties at all levels of renault. this is what i could imagine what i've heard from mr. bollore a couple minutes ago, what i could read today, this sounds quite okay i think renault is not in great shape. the markets don't help at the moment there's no real product story except one or two electric cars. but other than that, i think it's not -- as i said, it's not as bad as one could fear >> sir, i'm actually the lady who spoke to mr. bollore earlier, i thought it was interesting how positive he was on the outlook on china, particularly because they're starting from a small base and they are rolling out so many electric cars there. do you share that optimism that renault can become a serious player in china on the electric vehicle front? >> i think in the short and medium term, yes my impression is that renault reacted quickly to the changes in the chinese market that people go quickly to electric cars, small electric cars. and renault seems to have reacted there quite well also i think the chinese market just for stat
and i think this creates probably some uncertainties at all levels of renault. this is what i could imagine what i've heard from mr. bollore a couple minutes ago, what i could read today, this sounds quite okay i think renault is not in great shape. the markets don't help at the moment there's no real product story except one or two electric cars. but other than that, i think it's not -- as i said, it's not as bad as one could fear >> sir, i'm actually the lady who spoke to mr. bollore...
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70
Nov 23, 2018
11/18
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CNBC
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renault stepped in to save it. carlos ghosn was brought in as a foreigner to do what no japanese ceo could do, that is to cut ties within then industrial conglomerate, to lay off people. he did a great job of turning around that company. fast forward to today, 19 years on, nissan regained strength, there's been issues of fuel economy figures, but nonetheless, it's a stronger company. now you have two companies that are of roughly equal size and strength so there may be a feeling that nissan is not in need of being taken over but can stand on its two feet that's the power struggle we're seeing >> i want to pick up on the other point, you mentioned about the manner in which the japanese pursued their investigation and they've made this a public event. in terms of internal investigations, typically these are done to try to protect their leaders. what do you make of the fact they used this internal investigation to confirm the allegations and did so in such a public way >> you're right. it's very unlikely with hindsigh
renault stepped in to save it. carlos ghosn was brought in as a foreigner to do what no japanese ceo could do, that is to cut ties within then industrial conglomerate, to lay off people. he did a great job of turning around that company. fast forward to today, 19 years on, nissan regained strength, there's been issues of fuel economy figures, but nonetheless, it's a stronger company. now you have two companies that are of roughly equal size and strength so there may be a feeling that nissan is...
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Nov 22, 2018
11/18
by
BLOOMBERG
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they own 15% of renault. they are eager to see renault succeed. the president has played an important role to shape this. he has been close to ghosn as economy minister at the time. as president, he has kept a close eye on it. monday, he says he is vigilant in terms of the future of the alliance. keen toch government is keep this going, but the question is how pragmatic might they be. are they going to say it will they throw the japanese side a bone? right now they do not have -- the japanese does not have any of the voting rights. that may be one way they can maneuver, because they do not want this to fall apart. the renault side has benefited more than the nissan side. guy: what other options do they have? if this were to fall apart, where does that leave renault? benedikt: it would leave renault as a too small player. that theself said small players will struggle going forward. you need size to compete. this is happening at a time of massive transformation in the industry. you have massive outlays that you have to make in order to compete and m
they own 15% of renault. they are eager to see renault succeed. the president has played an important role to shape this. he has been close to ghosn as economy minister at the time. as president, he has kept a close eye on it. monday, he says he is vigilant in terms of the future of the alliance. keen toch government is keep this going, but the question is how pragmatic might they be. are they going to say it will they throw the japanese side a bone? right now they do not have -- the japanese...
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0.0
Feb 6, 2023
02/23
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BLOOMBERG
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we have breaking news out of renault and nissan. craig trudell had a terrific briefing on what this means going forward, they signed a deal aimed at easing long-standing tensions between the companies. this should allow them to move forward at a time of unparalleled challenges for the automotive industry. interesting to see that presentation in london may be on neutral ground, and tom mackenzie will speak to the chief executives of both in an exclusive interview. don't miss it. it is at 10:15 a.m. london time. this is bloomberg. ♪ >> if we see a moderate rebound of chinese economy, we expect this year about half of the growth in global oil demand will come from china only. this is moderate, but some financial institutions say the chinese rebound will be much stronger than expected, this will put higher upward pressure on the demand side. francine: the iea executive director speaking to bloomberg on the demand for oil and natural gas. we need to correct breaking news earlier, adani founders will repay this $1.1 billion share backed
we have breaking news out of renault and nissan. craig trudell had a terrific briefing on what this means going forward, they signed a deal aimed at easing long-standing tensions between the companies. this should allow them to move forward at a time of unparalleled challenges for the automotive industry. interesting to see that presentation in london may be on neutral ground, and tom mackenzie will speak to the chief executives of both in an exclusive interview. don't miss it. it is at 10:15...
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Jan 24, 2019
01/19
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BBCNEWS
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but at the same time you have the french and renault wanting to ta ke have the french and renault wanting to take over, to merge and take full advantage of the scale of economies that they can in a time in the car industry from everyone is investing heavily and looking to electrification and all sorts of other things that need investment and they don't want to risk anything that would stop up. the synergy is obvious between these companies in terms of what the produce of the ca i’s terms of what the produce of the cars they produce. you would think it would make sense and an chilly but the companies to merge. especially given the lack of demand right now in the global car industry. absolutely, they are under pressure from all sides and the one thing they need to do is grow scale and work together. they have product plans that will be laid over 10—15 yea rs plans that will be laid over 10—15 years at least and anything that on banned those plans will be hugely damaging. but you the have personality of the company, the individual sites to the companies and they want to show their preâ
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45
Jul 29, 2014
07/14
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BLOOMBERG
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we sought evidence in renault's results. 's we saw evidence in renault results. hans nichols has a more. hans, what will growth look like? for grim.look 10% for the year. more immediate, the stock is down from 2.5% this morning. they had a good quarter and a good first half of the year, largely based on third down market cars, budget brands throughout europe on it is in russia where they see challenges. 13% sales decrease in the month of june. the previous 10 months, it was down 8%. they are expecting 10% for the year. look at the brand. they have such a strong footprint in russia. they have 30% of the market. it is not just all renault. au have companies like volkswagen that has a pretty big market share. it will be interesting to see if it is a report effect through the other auto companies. when you look at the brand, some are down 5000 for the year. in 2013.ld a quick thought for you. luxury is not been hit adjusted yet. numbers.ercedes' the first six months, they are up almost 20% in russia. audi is basically flat. bmw is flat. we'll see if there's a split i
we sought evidence in renault's results. 's we saw evidence in renault results. hans nichols has a more. hans, what will growth look like? for grim.look 10% for the year. more immediate, the stock is down from 2.5% this morning. they had a good quarter and a good first half of the year, largely based on third down market cars, budget brands throughout europe on it is in russia where they see challenges. 13% sales decrease in the month of june. the previous 10 months, it was down 8%. they are...
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Jan 8, 2020
01/20
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BLOOMBERG
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the second point, i am not talking about renault because today the topic is not about renault. today the topic is about i left japan, explained why i left japan, and everything which happened to be in japan, which is linked to nissan. renault is not in the loop. that is why i am not intending to talk about that from the main topic. [speaking french] you are talking about your sister also being taken on. so what about morality in business? can you do business in the same way as five or 10 years ago? no, you can't. there is long suspicion as far as governments is concerned, and that is fine, but at the same time, there is certain agility that will be lost. but of course, there is a choice that companies accept. maybe it will go more slowly, but we will accept the rules. fine. but beforehand, you had to go quickly in order to seize opportunities. in order to go quickly, you had sorts at it.ber of once rules have been established, you have got to follow them. but in business today, relation to a five or 10 years ago, is very different. mr. ghosn: yes. oui. >> [indiscernible] do you
the second point, i am not talking about renault because today the topic is not about renault. today the topic is about i left japan, explained why i left japan, and everything which happened to be in japan, which is linked to nissan. renault is not in the loop. that is why i am not intending to talk about that from the main topic. [speaking french] you are talking about your sister also being taken on. so what about morality in business? can you do business in the same way as five or 10 years...
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41
May 27, 2019
05/19
by
BLOOMBERG
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eye 41
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i think renault owns a bigger nissan ineon then -- the sun does in renault. the japanese might feel a little pressure here. you could say they have no one to blame but themselves, actually. onedikt kammel joining us this big auto industry story. for more on the sector, let's go back to joerg de vries-hippen, european equities cio. what do think about autos as an investment right now? the consolidation play may be a good one for some. but there are not a lot of players left to get snapped up. on the other hand, the future does not look so bright if you consider falling sales, the diesel problems, lawsuits still to come. what do you think? >> i would say the automobile is not a dying sector. it is only the situation they have to change now. i would say to buy a car at the the one side of the discussion to we need four doors or two doors? on the other side is a branding i would say luxury object. there yet to be very cautious. you have to build something the people like to have, that they like to own, that they like to buy. i would say it is not only still luxur
i think renault owns a bigger nissan ineon then -- the sun does in renault. the japanese might feel a little pressure here. you could say they have no one to blame but themselves, actually. onedikt kammel joining us this big auto industry story. for more on the sector, let's go back to joerg de vries-hippen, european equities cio. what do think about autos as an investment right now? the consolidation play may be a good one for some. but there are not a lot of players left to get snapped up. on...
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57
Jan 19, 2016
01/16
by
BLOOMBERG
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watch renault, watch unilever. we heard earlier on from the french government speaking on rpo radio indicating 50,000 vehicles will be recalled by renault. we will see how it's stock opens. it looks like we will be opening on the front foot. london waking up, very cold this morning and a slightly warmer market. guy:, good morning and welcome to on the move. i am guy johnson. we are moments away from the start of european trading in here is your morning brief. the china slowdown comes in at its weakest level since 1998 increasing anticipation of more stimulus. crude turmoil. brent trades near a 12 year low. decline.casts a steep unilever says it is preparing for high volatility and tougher market conditions in 2016. 2015, we have at continuously lowered our growth estimates. say thereum we can has been more follow-up time and that is the question we will see this year. >> european futures look like they are spurring signs of a very strong open for cash this morning. watch renault. what else are watching? let's find
watch renault, watch unilever. we heard earlier on from the french government speaking on rpo radio indicating 50,000 vehicles will be recalled by renault. we will see how it's stock opens. it looks like we will be opening on the front foot. london waking up, very cold this morning and a slightly warmer market. guy:, good morning and welcome to on the move. i am guy johnson. we are moments away from the start of european trading in here is your morning brief. the china slowdown comes in at its...
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43
Nov 19, 2018
11/18
by
BLOOMBERG
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eye 43
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the fret -- related to renault. the french finance minister's --king up its boss saying the french government mantra the stability of governance. the french government likes to have a stay -- essay of what happens in large areas of french industry. these are the kinds of comments we should expect from the french government. talking about the stability of governance at renault, no share price reaction. vonnie: mitsubishi also looking at the situation and coming to some kind of decision which we will keep you updated on. apple on the decline again as well. according to the wall street journal, apple is coming production orders for the three iphone models in unveiled in september. a reporter for bloomberg news joins us now. another 3% decline. how much does the market put store in these stories? we do not know what the numbers are going to be. maybe the numbers will not be a strong as we thought they would be. >> you can see it in the price reaction. apple has been lower for seven weeks. that is longest decline for app
the fret -- related to renault. the french finance minister's --king up its boss saying the french government mantra the stability of governance. the french government likes to have a stay -- essay of what happens in large areas of french industry. these are the kinds of comments we should expect from the french government. talking about the stability of governance at renault, no share price reaction. vonnie: mitsubishi also looking at the situation and coming to some kind of decision which we...
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46
Apr 8, 2019
04/19
by
BBCNEWS
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eye 46
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nissan resent the fact renault have such a big share in them but they have a lesser share in renault and it's a nonvoting one. it's about dry to concede things to make sure they can work together because it would make no sense that the alliance disassembles. the renault chairman replacing carlos ghosn is a concession from nissan? yes. basically what they are dry to do is make sure everyone feels happy with who is in power in the different places. so that this can never happen again. and so it's making sure there's concessions, renault are keeping nissan a bit happier, because they feel aggrieved because obviously in 2000 they were in big trouble, now there shares are larger than renault and they believe they have more right than they have 110w they have more right than they have now than what they deserved in 2000. where does this leave the business at the moment? how much damage has been done to the alliance? at the moment the share price has dropped but overall it's not been that damaging so far. i think the products are strong which will help from a consumer base and i think it's
nissan resent the fact renault have such a big share in them but they have a lesser share in renault and it's a nonvoting one. it's about dry to concede things to make sure they can work together because it would make no sense that the alliance disassembles. the renault chairman replacing carlos ghosn is a concession from nissan? yes. basically what they are dry to do is make sure everyone feels happy with who is in power in the different places. so that this can never happen again. and so it's...
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47
Nov 20, 2018
11/18
by
BLOOMBERG
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eye 47
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renault's board meets later today. less than half an hour to go until the start of the european equity trading day. we are expecting to go in little bit weaker at the start of the european trading day. no surprise perhaps, given what we have seen in the asian session. you can see this writ large across the equity session in asia. with ms. coming through on africa -- weakness coming through in africa, turkey. one thing to worry about his trade, the other is tech, and to some extent these to come together when you think about global supply chains. we see the australian dollar a little bit weaker, a proxy perhaps for some concerns around trade. i want to bring you that, because we have seen some selling in chinese equities and perhaps see a little bit more appetite for sovereign bonds in china. is not forget what we are talking bout with regards to energy prices. brent crude down by 0.6%, so another drop in. fuel prices. we spoke to the. agojet ceo a little while and he was reflecting on the oil price. tech stocks have be
renault's board meets later today. less than half an hour to go until the start of the european equity trading day. we are expecting to go in little bit weaker at the start of the european trading day. no surprise perhaps, given what we have seen in the asian session. you can see this writ large across the equity session in asia. with ms. coming through on africa -- weakness coming through in africa, turkey. one thing to worry about his trade, the other is tech, and to some extent these to come...
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Oct 18, 2019
10/19
by
BLOOMBERG
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and you have the story on renault. also not a pretty picture. >> also ending on a side note, renault slashing profit. they are forecasting their sales will decline 3% to 4% this year. earlier, they had forecast the revenue level would be the same as last year. they are fighting a difficult economic environment, especially in markets outside of europe. they are talking about argentina and turkey. they say the cost for higher regulate -- regulation is too fast for the consumers. the stock was down 6% in the u.s. yesterday. we are looking for a decline today. nmarie,lbertina, an thank you very much. type first in your bloomberg terminal. also, get the bloomberg first word news on the bloomberg mobile app. we are just about five minutes away from the start of trading across europe. we are looking for also the start of trading in istanbul. remember, they typically open about five minutes earlier than european markets. after the 120 cease-fire brokered between turkey and syria by mike pence and the u.s., you can see the
and you have the story on renault. also not a pretty picture. >> also ending on a side note, renault slashing profit. they are forecasting their sales will decline 3% to 4% this year. earlier, they had forecast the revenue level would be the same as last year. they are fighting a difficult economic environment, especially in markets outside of europe. they are talking about argentina and turkey. they say the cost for higher regulate -- regulation is too fast for the consumers. the stock...
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67
Nov 23, 2018
11/18
by
BBCNEWS
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eye 67
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that is important, because there are two renault executives on the board. that tells you that if they were prepared to vote, you might have expected them to stick up for him, it has applications for how the renault board is going to treat that. they are considering their position, as are mitsubishi. briefly, brexit? a broad agreement, where are we now? quite a bit weekend. we are going to get the council, the european council, the summit is on sunday, where we are expecting the deal to be signed off. there are two part of this, the withdrawal agreement, a divorced eel, and what does the future look like? a couple of flies in the ointment. spain is very worried about what happened to gibraltar. they want to be specifically consulted in any future. as we know, the big threat is in the uk parliament. a lot of people had a go at theresa may, saying it is lacking in detail about the future relationship so we are essentially having a blind brexit. we don‘t know what the future is before we leave. good to get your analysis, thank you. in a moment we‘ll take a
that is important, because there are two renault executives on the board. that tells you that if they were prepared to vote, you might have expected them to stick up for him, it has applications for how the renault board is going to treat that. they are considering their position, as are mitsubishi. briefly, brexit? a broad agreement, where are we now? quite a bit weekend. we are going to get the council, the european council, the summit is on sunday, where we are expecting the deal to be...
51
51
Aug 1, 2017
08/17
by
BBCNEWS
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he finished the formula 1 season eight for renault. 0ther formula 1 season eight for renault. other drivers felt he was the most talented man on the grid. a future world champion. it was his desire to become even better which took him into a rally car in his time off, he tells me. he crashed. andorra, february, 2011, everything changed. did you think you would lose your arm? did they tell you that? first, big thanks to them. the easiest thing would probably be to get rid of it. in reality, i was fighting to be alive first. this is a crucial time for teams to test their cars. that is why he is here working for renault, test driving. the possibility is that he could be driving in the f1 championship next season. driving in the f1 championship next season. maybe, just maybe, even this season. season. maybe, just maybe, even this season. i need to be sure that i'm able to at least come as close as possible to the level i was before my accident. this will be the target. before doing this i need to be sure that i am able to do this. and actually, the last two days, it helped me a lot. ifeel prett
he finished the formula 1 season eight for renault. 0ther formula 1 season eight for renault. other drivers felt he was the most talented man on the grid. a future world champion. it was his desire to become even better which took him into a rally car in his time off, he tells me. he crashed. andorra, february, 2011, everything changed. did you think you would lose your arm? did they tell you that? first, big thanks to them. the easiest thing would probably be to get rid of it. in reality, i...
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nissen makes around about sixty percent more cars than what then does renault its partner bought renault holds forty three percent of control in sound so it means that a rhino is the stronger controlling partner despite being in a weaker position there's also kind of questions about japanese corporate governance at stake here so japan has been through a kind of larger reform of corporate governance in the last few years this is boortz into the prospect that logic companies could from external companies could have a stake in the japanese economy and perhaps this is an example of some of these anxieties being expressed through this particular tussle obviously a lot of national interest at stake here two well known car companies with big histories where would this alliance be or would this alliance be where it is today without going considering all these complications yeah dawn was the absolute lynchpin of this alliance is the kind of ideal they have also man some people have called him so it's spent his average month one week in france one week in japan then two weeks anywhere in between s
nissen makes around about sixty percent more cars than what then does renault its partner bought renault holds forty three percent of control in sound so it means that a rhino is the stronger controlling partner despite being in a weaker position there's also kind of questions about japanese corporate governance at stake here so japan has been through a kind of larger reform of corporate governance in the last few years this is boortz into the prospect that logic companies could from external...
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what's important for now is to ensure the alliance between renault one remained stable one. carlos gomez career appears to be collapsing however he faces up to ten years in jail are found guilty. this week the european commission decided to begin excess deficit procedures against italy for what it says if excessive public spending it's the first time a member states budget has been rejected but the commission is determined to prevent italy from increasing its debt burden currently one hundred thirty percent of g.d.p. and therefore twice the e.u. limits the procedures could burn a further hole initially pockets with a fine of up to almost three and a half billion euros. he cares to slash seven and a half thousand jobs around the world as it shifts more towards online retail workers in communications in administrative functions are most likely to get the axe it's a rare case of restructuring for the swedish furniture giant which is so far appeared immune to the fate of many brick and mortar store operators but a decline in foot traffic has prompted the company to expand its on
what's important for now is to ensure the alliance between renault one remained stable one. carlos gomez career appears to be collapsing however he faces up to ten years in jail are found guilty. this week the european commission decided to begin excess deficit procedures against italy for what it says if excessive public spending it's the first time a member states budget has been rejected but the commission is determined to prevent italy from increasing its debt burden currently one hundred...
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Nov 23, 2018
11/18
by
BLOOMBERG
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renault also doing well. a lot of talk about any change in the balance of power between nissan and renault. could there be a shift in the ownership structure? could there be a shift in ownership rights? could there be a shift in the shakeup after the arrest of carlos ghosn? ericsson also up by just over 2%. is seen as potentially possibly good for other telecom equipment companies. the likes of ericsson and nokia have been mentioned. let's take a look at the downside. is one of theics companies under pressure this morning, down by 10.7%. ge a group down by 9.9%. we had an update from them this morning. that may explain some of the weakness. also the weakness in the oil price having an impact. we seized some oil relating businesses trading weaker this morning. let's get a first word news update. debra mao has ever us in hong kong. spain's prime minister says he will vote against the brexit deal is no changes are made over the issue of gibraltar. leaders from the eu's remaining 27 countries will meet on sunday
renault also doing well. a lot of talk about any change in the balance of power between nissan and renault. could there be a shift in the ownership structure? could there be a shift in ownership rights? could there be a shift in the shakeup after the arrest of carlos ghosn? ericsson also up by just over 2%. is seen as potentially possibly good for other telecom equipment companies. the likes of ericsson and nokia have been mentioned. let's take a look at the downside. is one of theics companies...
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Feb 16, 2023
02/23
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CNBC
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renault coming up shortly. this is the round up of what we see today in european trading. we are going to wrap it there. that is it for the show. i'm joumanna bercetche "worldwide exchange" is coming up next. >>> it is 5:00 a.m. at cnbc global headquarters. here is the top "five@5. stocks pushing higher, but this morning, sounding the alarm for a pull back ahead. >>> first it was supply chain issues and now apple facing issues with the mixed reality headset. why early adopters may have to wait longer. >>> no topic off limits for charlie munger hi
renault coming up shortly. this is the round up of what we see today in european trading. we are going to wrap it there. that is it for the show. i'm joumanna bercetche "worldwide exchange" is coming up next. >>> it is 5:00 a.m. at cnbc global headquarters. here is the top "five@5. stocks pushing higher, but this morning, sounding the alarm for a pull back ahead. >>> first it was supply chain issues and now apple facing issues with the mixed reality headset. why...
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49
Jan 13, 2017
01/17
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BLOOMBERG
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eye 49
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the difference between fiat and renault is that renault does not sell cars in the u.s. nissan sellsmpany cars in the u.s. ,emember the french government the environment minister, is especially sensitive to the pollution question in general. the cap-21, and france faced the worst pollution last month. have a look at european stocks now. recorde continues its setting advance. 40 consecutive days of gains. 12 of those has seen record highs, which is itself a record. stocks rebounding. the stoxx 600 up 7/10 of 1%. we want to show the currency board. brimming with great stats. the euro is rising for the fourth consecutive week against the dollar. best run since 2014. the power of the bloomberg. let's finish up with what is happening in the bond market. stocks rising. currencies rising. bond yields rising. there is less of a flight to safety today. in the u.k.,ield germany, spain, and italy. "close" is next. this is bloomberg. ♪ mark: 11:00 a.m. in new york. midnight in hong kong. 30 minutes left in the trading day today. i am mark artan. vonnie: i am vonnie quinn. this is
the difference between fiat and renault is that renault does not sell cars in the u.s. nissan sellsmpany cars in the u.s. ,emember the french government the environment minister, is especially sensitive to the pollution question in general. the cap-21, and france faced the worst pollution last month. have a look at european stocks now. recorde continues its setting advance. 40 consecutive days of gains. 12 of those has seen record highs, which is itself a record. stocks rebounding. the stoxx...
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90
Jun 6, 2019
06/19
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BLOOMBERG
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eye 90
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the cac 40 being dragged down i renault. if you want to carry on the coverage, you can tune into bloomberg's radio show, the cable, taking place at the top of the hour. only -- normally it includes jonathan ferro. he is making his way back to new york city to make sure he is there for the payrolls tomorrow. quite excited about that. a big day tomorrow for the u.s. economy. i will be there. great guests lined up as well. will be joining those guests at the top of the hour on dab digital radio in the london area and on all of your bloomberg devices. ♪ guy: from london, i'm guy johnson. vonnie: live from new york, i'm vonnie quinn. this is "the european close" on "bloomberg markets." guy: let's see what the first word news has to offer. emmanuel mack ron page of you to the veterans who stormed normandy's beaches 75 years ago. they spoke at the u.s. cemetery at omaha beach where u.s. forces landed on june 6, 1944. >> we are gathered here on freedoms alter, on the shores, on these bluffs, on this day 75 years ago, 10,000 men sh
the cac 40 being dragged down i renault. if you want to carry on the coverage, you can tune into bloomberg's radio show, the cable, taking place at the top of the hour. only -- normally it includes jonathan ferro. he is making his way back to new york city to make sure he is there for the payrolls tomorrow. quite excited about that. a big day tomorrow for the u.s. economy. i will be there. great guests lined up as well. will be joining those guests at the top of the hour on dab digital radio in...
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47
Jun 25, 2019
06/19
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BBCNEWS
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it was heated and really reveal the fractious relationship between nissan and renault? it certainly did. i general meeting of what seem to bea did. i general meeting of what seem to be a very unhappy company, and as you said an unhappy alliance between nissan and renault, so the boss of nissan and renault, so the boss of nissan was there making a full and profound apology over what happened at nissan at the last year, with the arrest and dismissal of carlos ghosn at the top of nissan, and also there was the boss of renault, and these two lea d e rs was the boss of renault, and these two leaders made it clear they do not see i to eye over the future of the alliance between nissan and renault, so as i say and unhappy company and an unhappy alliance. rupert wingfield—hayes, thank you very much indeed, with the latest from tokyo on nissan and renault. emma—lou montgomery is associate director for personal investing at fidelity international. nice to see you. give a sense of what is happening, because we were looking at the numbers and sally running through them, sort of
it was heated and really reveal the fractious relationship between nissan and renault? it certainly did. i general meeting of what seem to bea did. i general meeting of what seem to be a very unhappy company, and as you said an unhappy alliance between nissan and renault, so the boss of nissan and renault, so the boss of nissan was there making a full and profound apology over what happened at nissan at the last year, with the arrest and dismissal of carlos ghosn at the top of nissan, and also...
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Mar 29, 2018
03/18
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BLOOMBERG
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this shows how investors are , nissanon up pe basis and renault right now. renault, 5.9. these are pretty low compared to fiat, chrysler at 6.30 price earnings. ferrari at 34 price earnings. you talk about volkswagen, how it investors value porsche or a lamborghini. you're not getting good value to two companies. i wonder what the average is across companies? nissan has some way to go in the transformation, but they have made progress. ghosn has been at the forefront to push cars into the new frontier of electric vehicles and battery-powered vehicles. renault is a little bit behind like many european car companies. people are, what they are looking at, we saw some interesting product out of the geneva car show. it will be interesting to see how that might drive up the valuation of these car companies. probably people are thinking renault has some room to grow. they might not make it to ferrari level. matt: very interesting stuff. great scoop from bloomberg. looking at renault shares, they are trading up 6.3%. a big boost. trading on the cac at 99 euros. was a front runner
this shows how investors are , nissanon up pe basis and renault right now. renault, 5.9. these are pretty low compared to fiat, chrysler at 6.30 price earnings. ferrari at 34 price earnings. you talk about volkswagen, how it investors value porsche or a lamborghini. you're not getting good value to two companies. i wonder what the average is across companies? nissan has some way to go in the transformation, but they have made progress. ghosn has been at the forefront to push cars into the new...
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May 29, 2020
05/20
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BLOOMBERG
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we will keep you updated on renault. we are also speaking to leadership of the french lawmaker -- carmaker. 14,600 jobs worldwide will be lost at renault. we will be speaking to the chief executive at 11:30 a.m. u.k. time. coming up, we have plenty more on the markets. sell in may or stay-at-home? either way, you may be regretting it, with stocks to end the month with solid gains in th u.s.. -- in the u.s. we will discuss with jim mellon of burnbrae group. that is coming up next, and this is bloomberg. ♪ rg. ♪ francine: economics, finance, politics. this is "bloomberg surveillance." i am francine lacqua here in london. now, as we head into the final trading day of may, let's discuss risk sentiment with a big-name investor. stocks were sent to and the month with big gains in europe, 4%.s&p up as countries around the world gradually ease their lockdown, is it already priced in? i am joined by jim mellon of burnbrae group. thanks so much for joining us. when you look at what the markets have done, what they will do next
we will keep you updated on renault. we are also speaking to leadership of the french lawmaker -- carmaker. 14,600 jobs worldwide will be lost at renault. we will be speaking to the chief executive at 11:30 a.m. u.k. time. coming up, we have plenty more on the markets. sell in may or stay-at-home? either way, you may be regretting it, with stocks to end the month with solid gains in th u.s.. -- in the u.s. we will discuss with jim mellon of burnbrae group. that is coming up next, and this is...
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Apr 12, 2011
04/11
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CNN
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he worked for renault nissan for six years before coming back to renault in 2005. since 2008 he has been renault's chief operating officer with everyone on the executive committee reporting to him. despite pelata's resignation, he'll remain ceo for the foreseeable future. he's spared the chop for now, anyway, pauline. >> patrick pelata appears to be the main fall guy in all of this. but what about this man, carlos ghosn? some reports suggest his ties with nissan are so strong that he's too valuable a player for renault to lose. as christian mallard said, renault's image could be tarnished and that could lead to a loss in sales. >> we could probably expect renault, having, as i said, an image that is tarnished after this big scandal might pay the price for it selling less cars in the world. in the world of an economy crisis, it's clear renault was not doing too bad until now. after the scandal, people have lost the trust in the company and and definitely we will see some price to be paid for that around the world, as you said, not only in france. we will see what th
he worked for renault nissan for six years before coming back to renault in 2005. since 2008 he has been renault's chief operating officer with everyone on the executive committee reporting to him. despite pelata's resignation, he'll remain ceo for the foreseeable future. he's spared the chop for now, anyway, pauline. >> patrick pelata appears to be the main fall guy in all of this. but what about this man, carlos ghosn? some reports suggest his ties with nissan are so strong that he's...
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May 27, 2019
05/19
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BLOOMBERG
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the renault board is set to meet monday morning over the fiat chrysler proposal, and renault saying it will evaluate the merger proposal. they are to issue a statement, as well, after the board has met . coming up, the european union's mainstream party's hold up against the party. we discuss results from the election next. this is bloomberg. ♪ manus: this is bloomberg daybreak: europe. i'm manus cranny in dubai. nejra: i'm nejra cehic in dubai -- in london. that's according to provisional results from the european parliamentary elections. they saw the highest turnout in a decade, looks set to reward the greens and pro-eu liberals. but there are a couple of notable exceptions, the far right winning in france and italy. bloomberg reporters are standing by. joining us, annmarie hordern in most of the start -- westchester, matt miller in berlin. bring us up to speed with the results in germany. matt: so, the real story here, i think, is the incredible failure of the spd, the social democrats, and the greens really filling that spot, that emptiness that had been left by the drop. the spd
the renault board is set to meet monday morning over the fiat chrysler proposal, and renault saying it will evaluate the merger proposal. they are to issue a statement, as well, after the board has met . coming up, the european union's mainstream party's hold up against the party. we discuss results from the election next. this is bloomberg. ♪ manus: this is bloomberg daybreak: europe. i'm manus cranny in dubai. nejra: i'm nejra cehic in dubai -- in london. that's according to provisional...
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Nov 11, 2010
11/10
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KQEH
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. >> renault pleaded that zoe was a common now. this defense was accepted by the judge, which is a surprise. we will appeal that decision. >> renault says that the case will not take the gloss of its new model. it will be called zoe. >> after two decades in power, the ugandan president probably needed to update his image, but even he could not have expected it to become a sensation. we take a look at the hits and misses on the political rap sheet. >> in the midterm elections, it was attacked eds. for uganda, re-election rap. which is proving popular. the political verse is being played on radio stations and in discos. ♪ you say green alvin green ♪ green in thelvin recent u.s. midterms, but how many online hits in south carolina was never going to win power. and then there is karl rove. for the man who helped george w. bush to two terms are writing numerous speeches, it did not look like a natural rap. ♪ see him hanging in the cove. what is your name? karl rove. >> this man created a rap. does he think that this could be as su
. >> renault pleaded that zoe was a common now. this defense was accepted by the judge, which is a surprise. we will appeal that decision. >> renault says that the case will not take the gloss of its new model. it will be called zoe. >> after two decades in power, the ugandan president probably needed to update his image, but even he could not have expected it to become a sensation. we take a look at the hits and misses on the political rap sheet. >> in the midterm...
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0.0
Nov 15, 2023
11/23
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BLOOMBERG
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renault's chief executive as well. don't miss our exclusive interview with portugal' central bank governorss, mario centeno. all that coming up on "bloomberg markets today." we are going to be talking about the readthrough on the inflation story. margins will be a big story, as is some of the micro, all coming up on "bloomberg markets today." stick with us. this is bloomberg. ♪ it's an amazing thing when you show generosity of spirit to someone. and you want people to be saved and to have a better life, then you don't stop. the idea that we have saved five million people's lives, it's overwhelming. it's everything. ♪
renault's chief executive as well. don't miss our exclusive interview with portugal' central bank governorss, mario centeno. all that coming up on "bloomberg markets today." we are going to be talking about the readthrough on the inflation story. margins will be a big story, as is some of the micro, all coming up on "bloomberg markets today." stick with us. this is bloomberg. ♪ it's an amazing thing when you show generosity of spirit to someone. and you want people to be...
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Jul 26, 2019
07/19
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BLOOMBERG
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let's get to renault. no longer forecasting 2019 revenue growth, but sees the figure yearly little changed from last year. the latest carmaker to struggle. they face falling demand, trade tensions and record spending on electric cars. here to wrap up earnings so far, dani burger. dani: no wonder carmakers are struggling. a more than 7% decline in car sales last month, a historic slump. europe and u.s. demand also falling. let's get into the numbers, because there were actually a few carmakers able to stand out. got, for them it was about the more lucrative, pricey suv sales. vw did fall yesterday after reporting results, but analysts say the carmaker is on track. and then the bad, renault joining a list of carmakers that cut guidance or flat out mystics dictations, showing how difficult a period we're in for profit, especially when carmakers are spending heavily on electric vehicles. the stand out season has been nissan, and not for good reason. nissan announced job cuts of over 12,000, after a 99% plunge
let's get to renault. no longer forecasting 2019 revenue growth, but sees the figure yearly little changed from last year. the latest carmaker to struggle. they face falling demand, trade tensions and record spending on electric cars. here to wrap up earnings so far, dani burger. dani: no wonder carmakers are struggling. a more than 7% decline in car sales last month, a historic slump. europe and u.s. demand also falling. let's get into the numbers, because there were actually a few carmakers...
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Nov 23, 2018
11/18
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BBCNEWS
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what will that mean for its relationship with french partner renault? i'm rico hizon in singapore, also in the programme: ten referenda and a mid term election. what choices lie ahead for the people of taiwan this weekend. the amount of greenhouse gases in the atmosphere is at a record high. scientists say the window of opportunity to tackle climate change is closing. good morning. it's 9am in singapore and 1am here in london, where the british prime minister, theresa may, has defended her draft agreement on post—brexit relations with the eu. in britain the proposed deal has been criticised by mp's from across the political spectrum. european leaders are due to meet on sunday, with the aim of approving the package. it will then be put to the uk parliament, it's thought that could happen next month. katya adler has this report from brussels. this is the right dealfor the uk. it delivers on the vote of the referendum. it brings back control of our borders, our money and our laws, and it does so while protecting jobs, protecting our security and protecti
what will that mean for its relationship with french partner renault? i'm rico hizon in singapore, also in the programme: ten referenda and a mid term election. what choices lie ahead for the people of taiwan this weekend. the amount of greenhouse gases in the atmosphere is at a record high. scientists say the window of opportunity to tackle climate change is closing. good morning. it's 9am in singapore and 1am here in london, where the british prime minister, theresa may, has defended her...
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Nov 20, 2018
11/18
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BBCNEWS
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is the influential shareholder in renault, is actually turning its back when it comes to renault. there isa back when it comes to renault. there is a board meeting later today, the renault bought, it looks like at the very least he will be suspended or excluded cos once the french finance minister says you are not in a position to lead this country, you are not in a position to lead the company. dominic, thank you. the duchess of sussex met take that as she attended the royal variety performance for the first time. meghan and her husband prince harry were also entertained by singers rick astley, george ezra and the cast of hamilton during the annual charity gala at the london palladium. in a moment, the weather but first let's join victoria derbyshire to find out what she's got coming up in her programme at ten: good morning, from 10am the latest in the brexit lined eight series, we send to a well—known people with opposing views on a lunch date. today it's labour peer and tv presenter sir robert winston and aisling morgan wallace, a reality tv star who made her name on the othe
is the influential shareholder in renault, is actually turning its back when it comes to renault. there isa back when it comes to renault. there is a board meeting later today, the renault bought, it looks like at the very least he will be suspended or excluded cos once the french finance minister says you are not in a position to lead this country, you are not in a position to lead the company. dominic, thank you. the duchess of sussex met take that as she attended the royal variety...
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Jan 14, 2016
01/16
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BLOOMBERG
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renault shares also getting slammed today. fraudgovernment investigators searched headquarters in an apparent vehicles emissions probe coming in the wake of bolts wagons -- woes.agen's emission the vw situation was likely contain. every company has a challenge. we decide to face the challenge it is a moving target because the technology is moving all the time. betty: now, we are here. this has happened. matt miller joining me now for more. you did that interview with carlos. is this another vw situation in the making? matt: we don't know anything like that yet. renault hasis that told us it has been -- it's offices have been searched by the fraud department, the french ministry. it is cooperating in that investigation. department has already tested for its vehicles randomly. its vehicles randomly. and tested four renaults they have intimated that they that the tech the devices -- detect the devices that volkswagen used. betty: a huge amount of shares have been sold. recovery%, bit of a right now. it has not helped shares of th
renault shares also getting slammed today. fraudgovernment investigators searched headquarters in an apparent vehicles emissions probe coming in the wake of bolts wagons -- woes.agen's emission the vw situation was likely contain. every company has a challenge. we decide to face the challenge it is a moving target because the technology is moving all the time. betty: now, we are here. this has happened. matt miller joining me now for more. you did that interview with carlos. is this another vw...
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48
Jun 6, 2019
06/19
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BLOOMBERG
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eye 48
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, do they need renault? >> it looks like this is a proper fight between fiat chrysler and the french government. whenl happened last night we were all waiting for on approval by the renault board. there was a story they were going to create a third-biggest carmaker with fiat chrysler. we broke the news that fiat withdrew its proposal. this happened because the french government asked to delay a decision while the board of renault was almost ready to go with a majority in favor of the deal. formind behind this deal fiat chrysler, this was a clear sign that the french government wants to have full control of fiat and renault and that was enough for them. this is why they decided to walk away. says youatement fiat never know, this is quite strong at the moment. at the moment we do not see fiat coming back immediately to discuss with renault. officialsf french have been speaking to the press after this ended and they say wasfrench government coherent and firm in these talks. what does this mean bigger picture? t
, do they need renault? >> it looks like this is a proper fight between fiat chrysler and the french government. whenl happened last night we were all waiting for on approval by the renault board. there was a story they were going to create a third-biggest carmaker with fiat chrysler. we broke the news that fiat withdrew its proposal. this happened because the french government asked to delay a decision while the board of renault was almost ready to go with a majority in favor of the...
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59
Nov 20, 2018
11/18
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BBCNEWS
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renault owns 43% of nissan, nissan holds 15% of renault and over a third of mitsubishi. the french government owns 15% of renault. so far, carlos ghosn has not commented on any of these allegations. ben? let's take a live to rupert wingfield—hayes in tokyo. i don't know if you heard sally explaining the make—up of the company, it underlines how complicated this could be and how far reaching the impact could be around the world? it has major implications for three very large car companies. here in japan, nissan is the main one, but mitsubishi motors is involved. carlos ghosn is the chairman of mitsubishi motors and the chief executive officer of renault in france. he had been trying in the last few years to pull these three companies into a closer alliance and to build what they hoped would become a competitor for toyota and volkswagen at the real top of the collea g u es volkswagen at the real top of the colleagues around the world. —— of the car leaks. his arrest, departure from nissan probably from the other two companies put into question the whole of our comp
renault owns 43% of nissan, nissan holds 15% of renault and over a third of mitsubishi. the french government owns 15% of renault. so far, carlos ghosn has not commented on any of these allegations. ben? let's take a live to rupert wingfield—hayes in tokyo. i don't know if you heard sally explaining the make—up of the company, it underlines how complicated this could be and how far reaching the impact could be around the world? it has major implications for three very large car companies....
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Aug 3, 2015
08/15
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LINKTV
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stephen: renault previously had great success in iran. they are hoping to quadruple their production by 2020. reporter: just a few months ago these car parts could not have been imported to iran. today, they are being used to make the tondo. the restrictions on their business, the company suffered losses of over 500 million euros. >> they production lines did not stop but there was limited activity. the factories were working at about 15% to 20% of their capacity. and that is just not tenable when you have six cars. reporter: in the past, renault was one of iran's biggest carmakers. that is a position they want to win back. with a current annual input of 100,000 vehicles, renault is looking to triple or even quadruple this number in coming years. >> we are planning to bring out the thunder model and the pickup model. we are testing the renault capture, which has worked well in europe. we sold 800 vehicles online in iran in just four hours. we aim to be in the top three in the market here. reporter: many foreign carmakers are now looking f
stephen: renault previously had great success in iran. they are hoping to quadruple their production by 2020. reporter: just a few months ago these car parts could not have been imported to iran. today, they are being used to make the tondo. the restrictions on their business, the company suffered losses of over 500 million euros. >> they production lines did not stop but there was limited activity. the factories were working at about 15% to 20% of their capacity. and that is just not...
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May 29, 2019
05/19
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BBCNEWS
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the boss of renault tries to persuade nissan to support a proposed tie—up with fiat. on the markets, concerns about a global economic slowdown weighing on markets in europe and asia. keeping fit — and looking cool. we'll meet the man who says you can be chic whilst cycling. plus mackenzie bezos — the former wife of amazon founder jeff bezos has pledged to give away half her 36 billion dollarfortune — today we want to know — if you were a multi billionaire — how would you spend the money? let us know — just use the hashtag bbcbizlive. hello and welcome to business live. ifi if i were giving away half my fortune i would give it to my colleagues, of course. nonsense! we start with the beleaguered chinese telecom firm, huawei, who is asking the us courts to speed upjudgment in its legal battle with the government over president trump's decision to ban the company from doing business with it. huawei is requesting what's known as a ‘summary judgement‘. two weeks ago the trump administration added huawei to a trade blacklist, banning the chinese telecoms gian
the boss of renault tries to persuade nissan to support a proposed tie—up with fiat. on the markets, concerns about a global economic slowdown weighing on markets in europe and asia. keeping fit — and looking cool. we'll meet the man who says you can be chic whilst cycling. plus mackenzie bezos — the former wife of amazon founder jeff bezos has pledged to give away half her 36 billion dollarfortune — today we want to know — if you were a multi billionaire — how would you spend the...
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the rest has now raised concerns that the renault nissan alliance could collapse something the japanese government wants to avoid. again what's important for now is to ensure the alliance between nissan remained stable. carlos' career appears to be collapsing however he is suspected of underreporting his income by several million euros over a five year period as well as misusing company assets for personal gain could face up to ten years in jail if he's found guilty. for more on the story let's bring in custom stoffel our he is a professor of strategic management management at warwick business school in the u.k. and a commentator on the car industry come to the program christian we've seen that this is a very complex alliance with the much smaller rental having a big say in the much larger nissan do you think it's possible that mr goans downfall is politically motivated to shift the division of power in favor of the japanese. well at the moment this is pure speculation but it's possibly what i do think would be surprising if. you miss and haven't known about these dealings in their arra
the rest has now raised concerns that the renault nissan alliance could collapse something the japanese government wants to avoid. again what's important for now is to ensure the alliance between nissan remained stable. carlos' career appears to be collapsing however he is suspected of underreporting his income by several million euros over a five year period as well as misusing company assets for personal gain could face up to ten years in jail if he's found guilty. for more on the story let's...
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38
Nov 23, 2018
11/18
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BLOOMBERG
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about renault nissan as an enterprise. what is important is the preservation of the alliance. the group's turbulent and that should not be allowed to weaken the alliance. and threaten jobs. says then ceohs lloyd blankfein held a meeting. this follows a new york times report that they are investigating the meeting as part of a criminal investigation. goldman says they raised money without knowing it would be diverted. the seventhfor weekly loss after saudi arabia signaled output may have reached a record. the energy minister said the kingdom is pumping an excess of 10 million barrels a day. the cryptocurrency crash of 2018 is heading for the worst week yet. peersn, and also the tumbled. the worst five-day stretch sent script of mania -- crypto mania. they have been mired in a $700 shows fewut that signs of abating. global news 24 hours a day. powered by 2700 journalists and analysts. this is bloomberg. debra mao in hong kong. let's turn to the top story. the u.k. and european union have agreed in principle to the final part
about renault nissan as an enterprise. what is important is the preservation of the alliance. the group's turbulent and that should not be allowed to weaken the alliance. and threaten jobs. says then ceohs lloyd blankfein held a meeting. this follows a new york times report that they are investigating the meeting as part of a criminal investigation. goldman says they raised money without knowing it would be diverted. the seventhfor weekly loss after saudi arabia signaled output may have reached...